US Dollar to strengthen through the first quarter of 2023 – ING DollarIndex Fed CPI Banks
“We think the market is being a little early in pricing 50 bps of rate cuts for 2H23 and could see the Dollar bouncing on any upside surprise in today's CPI data – including upward revisions to last month's reading. The data probably will not be a knock-out blow to the Dollar – one way or the other – given tomorrow's big FOMC meeting including a new set of Dot Plots.”
“A DXY close above its 200-Day Moving Average at 105.80 would be helpful in supporting our view that the Dollar will be strengthening through 1Q23.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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